Dollar General Storefront
For Sale
$1,750,000
10404 Slide Rd, Lubbock, TX 79424
Retail building positioned on Slide Road near 114th Street with access along a major north-south commercial corridor.
Property Size9,016 SF
Days on Market194
Property Features for 10404 Slide Rd
General Information
Standard status
Active
Size
9,016 SF
Property subtype
Free Standing Building
Additional Details
Road Access
Yes
Building Details
Building Size
9,016 SF
Year Built
2005
Year Renovated
2025
Tenancy
Single
Listing Agency:
Coldwell Banker Commercial Capital Advisors
(806) 784-3258
Listed By:
Alex Eberhardt
(806) 784-3258
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 30
Last Checked: Aug 30 at 11:55PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Capital Advisors
Investment Insights
Based on property information with market context.
This storefront property is occupied by Dollar General and was built in 2005. Exterior improvements include stucco replacement and a new metal roof, both completed in 2025. The building is positioned for retail operations with direct exposure to Slide Road and access near 114th Street.
The property sits within southwest Lubbock’s expanding commercial and residential area. Nearby retail and service destinations include United Supermarkets, H-E-B, Starbucks, Walgreens, Wendy's, HTeaO, and The Plaza Restaurant. University Medical Center is located across the street, adding a nearby healthcare presence to the surrounding trade area.
The property sits within southwest Lubbock’s expanding commercial and residential area. Nearby retail and service destinations include United Supermarkets, H-E-B, Starbucks, Walgreens, Wendy's, HTeaO, and The Plaza Restaurant. University Medical Center is located across the street, adding a nearby healthcare presence to the surrounding trade area.
Key Highlights
- Dollar General storefront property built in 2005
- Stucco replaced in 2025
- Metal roof replaced in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$87,095
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,741,900
$1.7M
Cap Rate 7%
$1,244,214
$1.2M
Cap Rate 9%
$967,722
$967.7K
Market Conditions
NOI Build-Up for 9,016 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$135.2K $15.00/SF
− Vacancy
−$10.8K −$1.20/SF
EGI
$124.4K $13.80/SF
− OpEx
−$37.3K −$4.14/SF
NOI
$87.1K $9.66/SF
Area
Lubbock, TX
Vacancy
8.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,741,900
Cap Rate 7%
$1,244,214
Cap Rate 9%
$967,722
Alternative Uses
Best Use
Retail
$1.24M
$1.09M – $1.45M
NOI $87,095 @ 7.0% cap · market cap 4.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.27M
$1.99M – $2.65M
NOI $159,107 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
374
Businesses Nearby
118k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 88%
Shops & Services 8%
Home Improvements & Furnishings 1%
Electronics 1%
SONIC Drive In
Dining
19,170 visits/mo
0.2 miles
Taco Villa
Dining
15,691 visits/mo
0.3 miles
Starbucks
Dining
13,045 visits/mo
0.5 miles
Summer Moon Coffee
Dining
9,149 visits/mo
0.4 miles
Wendy's
Dining
8,690 visits/mo
0.4 miles
Demographics for 79424, TX
53,479
Population
22,800
Households
2.3
Avg Household Size
38
Median Age
47%
College-Educated
95%
High-School Grad
41.6 sq mi
ZIP Area
1,286
Density / Sq Mi
$94,703
Median Household Income
$52,417
Median Earnings
$1,151
Median Rent
$279,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Retail building positioned on Slide Road near 114th Street with access along a major north-south commercial corridor.
Where is this storefront property located?
The property is located at 10404 Slide Rd Lubbock, TX.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Dollar General storefront property built in 2005; Stucco replaced in 2025; Metal roof replaced in 2025
